The Morning Briefing: November 8, 2026

Sunday, November 8, 2026. Democrats take control of Congress and President Donald Trump says he will meet their bills with vetoes. Wall Street steadied Friday after a bruising Thursday sell-off. A gunman killed six people in a crowded square in Krakow, Poland. In Israel, the president asked opposition leader Gadi Eisenkot to try to form a government. And Binance named a new finance chief a week after a $6.3 billion theft.

Trump vows vetoes as divided government takes shape

President Donald Trump told a CPAC gathering at his Mar-a-Lago resort on Friday night that he would use his veto to block legislation from the Democratic-controlled Congress, telling conservative activists, “veto, veto, veto.” Democrats won control of both the House and the Senate in the November 3 midterm elections, and the new Congress takes its seats in January 2027.

Trump has given a mixed message since the vote. He told The New York Times on election night that he was “absolutely willing to accept those results” and to “work with the Democrats,” and in a “60 Minutes” interview taped Friday and set to air Sunday, he said he could “very easily” go six months without insulting Democrats if it helped reach a deal. He also told Fox News he would veto all “insane” legislation from Democrats, and he blamed the Democratic wins for the stock market slide, saying investors lost $3 trillion after learning the results. Exit polls showed 75% of voters dissatisfied or angry about the country’s direction, and Trump’s approval at 38%. The first test comes December 11, when the current Congress must reach a funding agreement, and a fight over the debt ceiling is expected in 2027. Read our full report: Crypto industry faces tougher scrutiny as Democrats take control of Congress.

Wall Street steadies after Thursday’s rout

U.S. stocks steadied Friday after Thursday’s sharp sell-off. The S&P 500 rose 0.31% to 7,376.86, the Nasdaq Composite gained 1.09% to 24,579.42, and the Dow Jones Industrial Average fell 0.46% to 51,285.73. Chip stocks led the rebound: AMD rose 11.04% and Nvidia gained 2.78%.

Thursday was the worst day for all three indexes since April 2025. The Dow fell 1,833 points, or 3.44%, the S&P 500 dropped 4.36%, and the Nasdaq fell 5.52% into correction territory, more than 10% below its October record. For the week, the S&P 500 lost 2.7% and the Nasdaq fell 3.4%. Read our full report: Wall Street steadies Friday as Nvidia and chip stocks rebound after Thursday’s sell-off.

Six killed in Krakow market square shooting

A gunman drove into Krakow’s Main Market Square on Saturday afternoon and opened fire at random, killing six people and wounding at least 15, Polish police said. The dead were four women and two men, including a British citizen. Two police officers were among the wounded, and one officer who was shot three times is in critical condition.

Police shot and detained the gunman, a Polish citizen in his 20s, and took him to a hospital. Three more bodies, two women and a man, were later found at the gunman’s family home in Ostrowiec Swietokrzyski, about 150 kilometers northeast of Krakow. Interior Minister Marcin Kierwinski said evidence pointed to far-right and ultranationalist views, and the defense minister said the man never served in the military. The city declared mourning until November 11. Read our full report: Six killed and at least 15 wounded in shooting at Krakow’s Main Market Square.

Eisenkot tapped to form Israel’s next government

Israeli President Isaac Herzog asked opposition leader Gadi Eisenkot to form the next government after last week’s election left neither his bloc nor Prime Minister Benjamin Netanyahu’s with a majority. Eisenkot has 28 days to put a coalition together, and Arab-led parties hold unusual leverage in the talks.

The decision is a setback for Netanyahu, who has led Israel through the war in Gaza and the wider confrontation with Iran. Read our full report: Herzog taps Eisenkot to form Israel’s next government in setback for Netanyahu.

Binance finance chief leaves a week after $6.3 billion hack

Binance chief financial officer Kaiser Ng left the exchange on November 7 after more than five years, the company said. Justin Yek will replace him. Co-CEO Yi He said the move had been planned for about six months, before the October 29 theft of about $6.3 billion in digital assets that the FBI attributed to TraderTraitor, a North Korean-linked group.

Binance said it will cover the losses with company funds, that about 98% of affected token assets had been replaced by October 31, and that about $2.85 billion in stolen assets had been frozen or intercepted. The departure comes as the U.S. Treasury ordered American banks to cut off crypto exchange MEXC over $16 billion in illicit flows, and as Democrats taking control of Congress plan scrutiny of the crypto industry and the Trump family’s crypto ties. Read our full report: Treasury orders US banks to cut off crypto exchange MEXC over $16 billion in illicit flows.

Nigeria wins first under-17 women’s World Cup

Nigeria beat Japan 2-1 in Rabat, Morocco, on Saturday to win its first FIFA Under-17 Women’s World Cup. The Flamingos won six straight matches after an opening defeat to reach the final. Read our full report: Nigeria beats Japan 2-1 to win first FIFA Under-17 Women’s World Cup.